This post is another in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. If so, then this is where you can potentially make a killing with the hypothetical broken wing butterfly we’ve been tracking over the past week. The hypothetical fly … Read More
AM Idea – April 13th 2012
Disclosure: Long: $NTAP
How Quickly AAPL Can Turn
This post is another in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. Just yesterday I talked about a hypothetical AAPL put broken wing butterfly expiring Friday, and with AAPL trading up this morning to over $640 I kind of figured … Read More
AAPL Skew is Reverting
This post is another in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. Last week I asked if Apple can really keep going up forever, and at least for another week it did. And the hypothetical put broken wing butterfly I … Read More
The First Lesson of Trading: You Stink
A trader on our desk shared this email sent to him by another trader on our desk. It offers a great lesson to the new and developing trader based on the work of Dr. Steenbarger and a trader’s individual experience. I was reading the first chapter of Enhancing Trader Performance by Dr Steenbarger today and I realized that I was … Read More
The Bear Trap Followup: NFLX 110
Yesterday’s SMB U Trading Lesson was on how not to get ripped to shreads in a Bear Trap. Today, Gman tweeted in Pre-market that NFLX was setting up as a Bear Trap and that he would look to trade it long against 110 to take advantage of those who might be trapped trying to short. Let’s take a look at … Read More
A Quick Lesson in Tape Reading (ESRX)
I was long ESRX. It had gapped up on positive news. The first moves on the tape in the stock were positive. I liked the move above the open high. I liked the way it moved away from prices. I liked that above 56.50 provided a clear entry if it held above. The idea was shared on SMB Real Time: … Read More
AAPL Can’t Go Up Forever…
This post is the second in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. Apple can’t go up forever. Or can it? This week I’ll be tracking a hypothetical broken wing butterfly on Apple Computer (AAPL) that won’t lose money if … Read More